Business Glossary - J


Job Description - A written statement listing the elements of a particular job or occupation, e.g., purpose, duties, equipment used, qualifications, training, physical and mental demands, working conditions, etc.

Joint Venture - The cooperation of two or more individuals or enterprises in a specific business enterprise, rather than in a continuing in a partnership.

Journal - a book in which one records each business transaction from supporting documents.

Judgment - Judicial determination of the existence of an indebtedness, or other legal liability.

Judgment By Confession - The act of debtors permitting judgment to be entered against them for a given sum with a statement to that effect, without the institution of legal proceedings.

Junk Bond - A high-yield corporate bond issue with a below-investment rating that became a growing source of corporate funding in the 1980s.